Executive Summary
Goliath Film and Media Holdings reported a challenging QQ3 2025 highlighted by a negative EBITDA and net income of -$8.017 million (values shown in USD thousands). Operating income and net income declined meaningfully versus prior periods, with YoY and QoQ deteriorations of approximately -121.0% and -197.7%, respectively, as reflected in the earnings metrics. Revenue for the quarter is not disclosed in the provided data, creating a critical visibility gap for top-line assessment. Cash flow from operations was negative at -$3.083 million, yet the company generated a net positive cash movement of $1.417 million for the period driven largely by financing activity (inflow of $4.5 million). End-of-period cash stood at $3.136 million, up from $1.719 million at the period start, signaling reliance on external financing to fund ongoing losses.
The balance sheet paints a precarious solvency picture: total assets of $3.136 million versus total liabilities of $113.788 million, resulting in a negative stockholders’ equity of -$110.652 million. The current and quick ratios are both extremely tight at 0.0276, suggesting limited near-term liquidity. Given negative equity and a skin-deep asset base, the business model appears highly dependent on continued access to external capital until profitability or substantial monetization of IP/content licensing can be demonstrated.
Within the entertainment/communications sector, the quarter underscores the importance of visibility into revenue streams (licensing, distribution, and library monetization). Absent explicit forward guidance or earnings-call transcript content, the investment stance hinges on management’s ability to articulate a credible path to revenue normalization and debt/equity resolution. Relative to listed peers in the provided dataset, GFMH stands out as having far weaker liquidity and profitability indicators, while several peers show more favorable capitalization or valuation metrics – but with their own caveats. Investors should monitor any announced licensing deals, catalog monetization opportunities, and capital-raising plans that could meaningfully alter the balance sheet trajectory.
Key Performance Indicators
QoQ: -197.67% | YoY:-121.04%
QoQ: -197.67% | YoY:-121.04%
Key Insights
Revenue: Disclosed revenue for QQ3 2025 is not provided in the data. YoY and QoQ revenue comparisons are not available due to missing quarterly revenue figures.
Operating Income: -$8,017 thousand for QQ3 2025, with YoY decline of approximately -121.0% and QoQ decline of approximately -197.7%.
Net Income: -$8,017 thousand for QQ3 2025, with YoY decline of approximately -121.0% and QoQ decline of approximately -197.7%.
EBITDA: -$8,017 thousand for QQ3 2025.
Cash Flow: Operating cash flow -$3,0...
Financial Highlights
Revenue: Disclosed revenue for QQ3 2025 is not provided in the data. YoY and QoQ revenue comparisons are not available due to missing quarterly revenue figures.
Operating Income: -$8,017 thousand for QQ3 2025, with YoY decline of approximately -121.0% and QoQ decline of approximately -197.7%.
Net Income: -$8,017 thousand for QQ3 2025, with YoY decline of approximately -121.0% and QoQ decline of approximately -197.7%.
EBITDA: -$8,017 thousand for QQ3 2025.
Cash Flow: Operating cash flow -$3,083 thousand. Change in working capital +$28,220 thousand (positive contributor to cash). Other working capital +$27,406 thousand. Other non-cash items -$23,286 thousand. Net cash from operating activities: -$3,083 thousand.
Financing: Net cash provided by financing activities +$4,500 thousand. Net change in cash: +$1,417 thousand. Cash at end of period: $3,136 thousand; cash at beginning: $1,719 thousand.
Balance Sheet: Total assets $3,136 thousand. Total current liabilities $113,788 thousand. Total liabilities $113,788 thousand. Stockholders’ equity -$110,652 thousand. Cash and cash equivalents: $3,136 thousand.
Key ratios (selected): Current ratio 0.0276; Quick ratio 0.0276; Cash ratio 0.0276. Return on assets -2.56%; Return on equity 7.25% (note: negative equity distorts traditional ROE interpretation). Price-to-book value -8.00; Price-to-earnings -27.62; Enterprise value multiple -110.07; Price-to-sales 0 (data inconsistency across periods). Operating cash flow per share -$0.0000174; Free cash flow per share -$0.0000174.
Notes: All figures are presented in USD thousands unless otherwise stated. The quarter shows substantial negative profitability alongside a fragile balance sheet, with liquidity heavily reliant on financing activity.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Operating Income |
-8.02K |
-121.04% |
-197.67% |
| Net Income |
-8.02K |
-121.04% |
-197.67% |
Key Financial Ratios
operatingCashFlowPerShare
$-0
priceEarningsRatio
-27.62
Management Commentary
No earnings call transcript data provided in the supplied materials. As a result, there are no management quotes or theme-driven highlights to extract or group by strategy, operations, or market conditions.
Forward Guidance
No explicit forward guidance is included in the provided materials. In a turnarounds-focused entertainment company, investors should look for management guidance on: (1) licensing revenue visibility and timing (e.g., catalog monetization, licensing agreements, theatrical/streaming windows), (2) cost containment or restructuring measures (SG&A, production capex, amortization strategies), (3) capital-raising or debt refinancing plans to stabilize liquidity and reduce negative equity, and (4) near-term milestones for profitability (adjusted EBITDA targets, content backlog monetization, and distribution deals).
Industry trends suggest potential upside if GFMH can monetize its IP catalog and secure repeat licensing streams; however, without quantified revenue expectations or burn-down timelines, the path to profitability remains uncertain. Investors should monitor quarterly disclosures for revenue recognition timing, licensing deal backlog, and any announced financings or debt restructurings that could materially shift liquidity or book value.